Students practical when it comes to spending expected tax rebates |

Students practical when it comes to spending expected tax rebates

Luz Marie, 30, LTCC student and South Lake Tahoe resident: "I'm going to save my money. I always save my money."

In these tight economic times, the federal government is poised to give citizens some financial relief.

Congressional leaders announced a deal with the White House on Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200 – more if they have children.

Republicans and Democrats alike are backing the package. House Speaker Nancy Pelosi said Congress would act on the agreement – hammered out in a week of intense negotiations and uncustomary bipartisanship – “at the earliest date, so that those rebate checks can be in the mail.”

Most rebates could be received by July, and some might have them in May. The process could be slow due to processing 2007 tax returns, according to Treasury Secretary Henry Paulson.

The principal players in pulling the deal together were Pelosi, House Republican leader John Boehner and Paulson.

With the news of money on the way, Lake Tahoe Community College residents spoke with the Tribune about how they would spend their money.

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